The Saudi Almarai Company announced an investment of about 1.2 billion riyals in Sakaka Governorate in the Al-Jawf region in the Kingdom, with the aim of developing poultry broodstock production facilities.
Almarai said that the investments include the development of broodstock production facilities, with the aim of enhancing vertical integration of poultry supplies, according to CNBC Arabia.
Almarai explained that the poultry production facilities to be established are one of several facilities that will be distributed in a number of regions of the Kingdom.
Almarai had recently launched investments worth 4.5 billion riyals in the Hail region to expand poultry production.
It is worth noting that Almarai’s profits in the third quarter of this year rose 13.2% to reach 463.2 million riyals, compared to 409.09 million riyals in the same period last year.
The company’s profits increased in all of the first nine months of this year by 10%, to reach 1.40 billion riyals, compared to 1.28 billion riyals, profits for the same period in 2021.
